Where do you see us bouncing to? your best est? new highs or just retrace? we got fomc, speech and gdp next wk – they could be setting us up for blow off top?
A bounce from the 1115 spx level is likely. Remember, the state of the union address is next Wednesday. The PPT will come in over the weekend and prop up the market… but to where is the big question?
Rock on! the sooner the better from where I am standing – we need an end to this fluff and nonsense and then we can build off again from some proper foundations not hot air and government speculation.
Yes cyst em… we are running out of time. My weekend update had us turning on Febraury 9th-10th, but since they didn't make a lower high yesterday around 1140, I think they are going to push up the time line.
If we would have rose to 1140 yesterday, and then dropped to 1115 by this Friday, then we could have made a slow move back up to 1160-1180 by February 9th-10th. Now think we will be there by January 27th-29th.
Once we reach the final target, the Bulls are done! Lots of news coming out on those 3 days that could cause the start of the sell off. What closely, as I should have a better idea next week as the date draws closer.
Red
Where do you see us bouncing to? your best est? new highs or just retrace? we got fomc, speech and gdp next wk – they could be setting us up for blow off top?
A bounce from the 1115 spx level is likely. Remember, the state of the union address is next Wednesday. The PPT will come in over the weekend and prop up the market… but to where is the big question?
Superb and well considered post again thanks Red.
Why cant these blimmin politicians just leave us alone!
Well you know they made a profit… how couldn't they? They had free money to play with!
GS to report
Well you know they made a profit… how couldn't they? They had free money to play with!
GS to report
yesterday was 1-19 and backwards it reveals a ritual numb-er
yesterday's high was 1150.45 or 11- (5) – 9
co-relational high to date
sick group of crooks running the show
the financial cyst em (system) is in its terminal phase
Rock on! the sooner the better from where I am standing – we need an end to this fluff and nonsense and then we can build off again from some proper foundations not hot air and government speculation.
Yes cyst em… we are running out of time. My weekend update had us turning on Febraury 9th-10th, but since they didn't make a lower high yesterday around 1140, I think they are going to push up the time line.
If we would have rose to 1140 yesterday, and then dropped to 1115 by this Friday, then we could have made a slow move back up to 1160-1180 by February 9th-10th. Now think we will be there by January 27th-29th.
Once we reach the final target, the Bulls are done! Lots of news coming out on those 3 days that could cause the start of the sell off. What closely, as I should have a better idea next week as the date draws closer.